Hong Kong Securities and Futures Professionals Association Director: Hong Kong should establish a unified virtual asset regulator

In response to the public consultation on this year's Policy Address launched by the Chief Executive of Hong Kong, Mr. John Tsang, Director of the Hong Kong Federation of Securities and Futures Professionals, put forward several suggestions on the securities industry to the Chief Executive. He pointed out that with the rapid development of the virtual asset market, it is particularly important to establish a unified regulatory body to improve the supervision efficiency of virtual assets. A unified regulatory body can provide consistent regulatory standards and procedures to ensure the stability and safety of the market, enhance investor confidence, and promote the healthy development of the virtual asset market. At the same time, strengthening training in the field of virtual assets is also an important measure to rationally manage the risks of virtual assets. By providing professional training and guidance, practitioners can have a more comprehensive understanding of the operating mechanism of the virtual asset market, formulate effective risk management measures, and ensure the stability of the financial system.